The air freight market is poised to fully recover to pre-pandemic levels in the first quarter of 2021, according to a recent forecast from the International Air Transport Association (IATA) and data from CLIVE Data Services. The impending recovery…
The shipping industry is continuing to face criticisms of measures to reduce the industry’s staggering carbon footprint. International shipping accounts for 3% of annual global emissions – around one billion tons of emissions are produced by ships every…
Digital security remains a top concern for the trucking industry, as highlighted by a recent string of cyberattacks on trucking companies. Cross-border trade in particular has been targeted in the past few months, with almost a dozen cyberattacks…
The trucking industry appears to be bouncing back sooner than most other industries amid the COVID-19 pandemic. Changing habits lead to freight growth According to industry economists, the recession caused by the pandemic is likely over, but it…
While the COVID-19 pandemic has significantly impacted nearly every industry, intermodal appears to be bouncing back sooner than expected. The pandemic “has had as large of an effect as the Great Recession,” as stated by Jason H. Seidl,…
As we head into August, experts weigh in on the current situation and expected outlook on the air freight market. Here is an update on the air freight market in August 2020. Air freight rates have been increasing…
The U.S.’s relaxed restrictions have caused a spike in demand for ocean cargo shipping, as some consumers have returned to shopping in stores. There has also been a recent spike in imports from Asia. However, industry experts warn…
According to Transport Topics, the COVID-19 pandemic has momentarily put a pause on the driver shortage within the U.S. trucking industry. ATA reported that the trucking industry was short an estimated 60,000 drivers prior to the pandemic, as more…
Like the rest of the world, the air freight industry has been vastly affected by the global COVID-19 pandemic. According to Nabil Sultan, divisional senior vice president of Emirates SkyCargo, the current coronavirus outbreak is the biggest crisis ever…
As the current global coronavirus pandemic unfolds, it is no doubt a challenging situation for all industries. Here is an analysis of how the ocean shipping industry is being affected by COVID-19, according to industry experts. Falling stock prices…
